Allowance of Doubtful Accounts

mshangle · #1 Dec 16, 2007, 02:08 PM

Based on the following selected data, journalize the adjusting entries as of December 31 of the current year:

Estimated uncollected accounts at December 31, $6940, based on an aging of accounts receivable. The balance of Allowance for Doubtful Accounts at December 31 was $600 (debit).

What is the journal entry??

Clough · Dec 17, 2007, 06:55 AM

Is the above a question or a demand for an answer? Please provide what you think are the answers first, and why you think they are the correct answers. Maybe then, you will receive help in solving the problems for your homework here.

I repeat an answer from a previous post to you below.

Quote:

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Read this first: Expectations for the Homework Help board
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